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Strong progress in cloud helps NetApp beat earnings forecast

Strong progress in cloud helps NetApp beat earnings forecast - SiliconANGLE ....

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Pure Storage and NetApp beat expectations thanks to strong cloud storage growth

Pure Storage and NetApp beat expectations thanks to strong cloud storage growth
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Pure Storage Inc. and NetApp Inc. both had a surprise in store for shareholders today, posting quarterly financial results that beat Wall Street’s expectations despite ongoing weakness in their primary data center storage hardware market.
Pure Storage, which is best known for its flash memory-based hardware and software storage products, reported fiscal fourth-quarter earnings before certain costs such as stock compensation of 13 cents per share on revenue of $502.7 million. Analysts had modeled the company’s earnings at just 9 cents per share on lower revenue of $480 million. ....

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